Which of These Conditions Is NOT Necessary for the Economic

question 45

Multiple Choice

Which of these conditions is NOT necessary for the economic order quantity model to be valid?

• A) The item has a constant demand.
• B) The item has a constant lead time.
• C) The item has a constant price.
• D) The item has a constant safety stock.

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Definitions:

Cognitive Techniques

Therapeutic methods aimed at identifying and altering distorted or unhelpful patterns of thinking, part of cognitive-behavioral therapy.

Contingency Management

Contingency management is a behavioral therapy technique where desirable behaviors are reinforced with rewards, while undesirable behaviors are not, to promote behavior change.

Meta-analytic Studies

Research methods that statistically combine results from multiple studies on the same topic to derive conclusions about that topic's significance or effects.

Cognitive-behavioral Therapy

A form of psychotherapy aimed at changing negative thought patterns and behaviors in order to treat psychological disorders.